Business

January 17, 2013 12:04 PM

Rupee gains three paise; at 54.66 against dollar

The Indian rupee recovered by three paise to quote 54.66 rupees against the American currency in late morning trade today on renewed selling of dollars by banks and exporters amid sustained foreign capital inflows.The rupee resumed lower at 54.73 rupees per dollar as against the last closing level o...

January 17, 2013 12:01 PM

Sensex recovers; up 76 points at 19,894 in late morning trade

The BSE benchmark Sensex recovered by 76 points at 19,894 in the late morning trade today due to fresh buying in IT, realty, auto, tech and refinery sectors amid sustained foreign capital inflows. Earlier the Sensex was down by 34 points, at 19,783.The NIFTY at the National Stock Exchange also moved...

January 17, 2013 10:58 AM

Maharatna status for BHEL

The Committee of Secretaries led by Cabinet Secretary has cleared the proposal to grant Maharatna status to Bharat Heavy Electricals Limited. Addressing a gathering of BHEL employees in Tiruchirapalli, Union Minister for Heavy Industries and Public Enterprises Praful Patel said this.He urged BHEL to...

January 17, 2013 10:56 AM

Rupee falls against dollar;sensex down by 34 points in early trade

The rupee depreciated by 5 paise to 54.74 against the US dollar in early trade today on the Interbank Foreign Exchange due to appreciation of the American currency against the euro and other currencies in overseas markets and a weak opening in the domestic equity market.Dealers attributed the rupee&...

January 17, 2013 9:19 AM

FAA grounds Dreamliners due to safety hazards

US federal agency has asked its airlines to ground the Boeing 787, popularly known as Dreamliner, due to safety hazards.Such a directive to "temporarily cease operations" comes after the US Federal Aviation Authority conducted an investigation of an in-flight Boeing 787 battery inc...

January 17, 2013 9:15 AM

IMF approves next bailout for Greece

The International Monetary Fund has approved the next instalment of its bail out for Greece worth more than four billion dollars. The decision followed the passage of further measures by the Greek Parliament to satisfy lenders.

January 17, 2013 9:13 AM

Govt to consider NIF re-capitalizing PSBs & insurance cos

The government is likely to consider a proposal today that seeks to expand the scope of the National Investment Fund (NIF) to recapitalise public sector banks and insurance companies.It is expected that the fund will be brought under the Consolidated Fund of India. Currently, funds generated from di...

January 16, 2013 9:33 PM

Sensex drops 169 points to close at 19,818

The Sensex at the Bombay Stock Exchange declined 169 points, or 0.9 percent, to close at 19,818, today, on profit-booking by investors, amid fading hopes of a rate cut by the Reserve Bank, and weak regional markets. The Nifty at the National Stock Exchange fell 55 points, or 0.9 percent, to 6,002Sto...

January 16, 2013 5:56 PM

Govt. aiming for 50 % reduction in consumption of petroleum products

Petroleum and Natural Gas Minister Dr M Veerappa Moily has called for auditing of all energy sources, including petroleum products in the country. Inaugurating the Oil and Gas Conservation Fortnight-2013 in New Delhi today, Dr Moily said the energy audit should have exact and precise process. It sho...

January 16, 2013 5:44 PM

Sensex falls by 169 points

The Sensex at the Bombay Stock Exchange declined 169 points, or 0.9 percent, to close at 19,818, today, on profit-booking by investors, amid fading hopes of a rate cut by the Reserve Bank, and weak regional markets. The Nifty at the National Stock Exchange fell 55 points, or 0.9 percent, to 6,002 St...

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